MedySeva, a prominent telemedicine platform in India, has successfully secured Rs 4 crore in seed funding from Unicorn India Ventures. This investment aims to bolster its expansion efforts. Indeed, the health tech startup plans to revolutionize healthcare delivery, especially in underserved areas.
Expanding the Reach of a Telemedicine Platform
The newly acquired capital will be strategically deployed to establish and expand clinics within tier 2 and 3 cities. Furthermore, MedySeva intends to launch impactful marketing campaigns, increasing public awareness. Ultimately, these initiatives will enhance patient outreach and engagement programs, fostering stronger community connections. The company projects reaching 2 lakh annual consultations within the next 18 months, indicating substantial growth. Previously, MedySeva delivered over 1 lakh consultations in rural and semi-urban settings. It maintains a patient repeat ratio of 60 percent. This demonstrates the effectiveness and demand for its services.
MedySeva’s Hybrid Healthcare Model
MedySeva is committed to a hybrid healthcare model, integrating both digital and physical components. This approach combines the convenience of online consultations with accessible physical healthcare centers. For instance, the company plans to launch over 500 such phygital centers. Moreover, MedySeva has partnered with medical colleges. This enables the establishment of satellite clinics for patient servicing. Presently, the platform has onboarded doctors from over 10 medical specialties. Dr. Vishesh Kasliwal, Founder and CEO of MedySeva, highlighted that this funding round significantly strengthens their ability to scale the hybrid healthcare model. Therefore, the company is poised to accelerate its next growth phase, building an integrated doctor and hospital network.
Frequently Asked Questions
Q1: What is MedySeva’s primary goal with the new funding?
MedySeva aims to expand its telemedicine platform by launching clinics in tier 2 and 3 cities, increasing annual consultations to 2 lakh, and enhancing patient outreach and engagement programs.
Q2: How does MedySeva plan to combine digital and physical healthcare?
MedySeva is developing a hybrid healthcare model by establishing over 500 ‘phygital’ healthcare centers and partnering with medical colleges to set up satellite clinics, integrating online consultations with physical access.
References
- MedySeva raises Rs 4 crore in seed round from Unicorn India – ETHealthworld
- MedySeva bags $480k to bridge India’s rural healthcare divide – IBS Intelligence.
- HealthTech startup MedySeva raises Rs 4 crore in seed round led by Unicorn India Ventures – MediaBrief.
- Growing Prevalence of Telemedicine in India is Nothing Short of a Boon – ConsultGenics.
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